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Dec 7, 2012
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tax rates will go up. republicans might let a vote go through on a bill that, you know, extends all the middle-class tax cuts, lets the top 2% expire. say it's a democrat bill, democrats mainly supported it with moderate republicans and senate approve that and throw in unemployment benefits and other stuff. >> and john boehner can't afford to say there's progress being made or people will have his head again. he has to say pleasant but nothing going on. >> i don't know. i think if you believe that this is the truth, you and ayman should do something like if you had mustaches shave them if you lose. >> grow them. >> grow. maybe grow one. >> universal. >> no one wants to see a mustache. >> the mustache karma of david axelrod can be channeled through cnbc's ayman jabbers. >> i'll talk to him about that. >> i checked with ben about that. he will accept payment in pennies if i lose. >> i'm looking forward to it. >> that is downright scrooge-like. ayman jabbers thank you as always for the answers my friend. >> t
tax rates will go up. republicans might let a vote go through on a bill that, you know, extends all the middle-class tax cuts, lets the top 2% expire. say it's a democrat bill, democrats mainly supported it with moderate republicans and senate approve that and throw in unemployment benefits and other stuff. >> and john boehner can't afford to say there's progress being made or people will have his head again. he has to say pleasant but nothing going on. >> i don't know. i think if...
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Dec 1, 2012
12/12
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taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is something else that he has to give? >> i certainly would not give him that without conditions. >> bill: but you would think about it it? >> absolutely. that's what i'm saying. the dobbs plan says that reasonable, reasonable, what does that mean? that a little bit of tax hike on the wealthy, and wouldn't be a little bit. what is it estimated to be about something like a billion a year. >> $82 billion. >> bill: a year? >> per year. >> bill: that's still not -- all right. so, but then to get those tax hikes, what does lou dobbs want as far as spending cuts? >> well, you know, first of all i wouldn't negotiate in the
taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is...
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Dec 6, 2012
12/12
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FOXNEWS
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these taxes the president wants. if begive him all tax increases it pays for 8 and a half days of government. it doesn't do anything for middle class it will destroy middle class job creation. the more we tell people that the stronger we will be in being able to negotiate a solution moving forward. >> bill: handicap it real quick, is it going to happen or go into january with chaos? >> at a minimum what i hope is that we'll be able to do something here that avoids this fiscal cliff which is a creation of congress. it's a bipartisan creation. this fiscal cliff is the result of the last fiscal cliff. >> bill: that put a date on there. >> yeah. >> bill: may extend the date that's what i think is going to happen. >> my hope is is that we can avoid the bad stuff. then we have to deal with the 16 trillion-dollar debt that $1 trillion a year in deficit spending. we have to solve that. that thing is not going to solve itself. >> bill: doesn't feel like the president feels the urgency that you feel. you are one of the leaders
these taxes the president wants. if begive him all tax increases it pays for 8 and a half days of government. it doesn't do anything for middle class it will destroy middle class job creation. the more we tell people that the stronger we will be in being able to negotiate a solution moving forward. >> bill: handicap it real quick, is it going to happen or go into january with chaos? >> at a minimum what i hope is that we'll be able to do something here that avoids this fiscal cliff...
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Dec 7, 2012
12/12
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CNBC
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i am a flat tax guy. what i don't get is why the united states wants to imitate the mistakes of western europe, jim pethokoukis. that's what i don't get. you get the last word. >> i think it's stunning and i hope we learn from yoour mistak as quickly as they did in great britain. >>> who needs to wait for a recession? our next guest says we may already be in one and it started way back in july. think about that. recession last july. stay with us. he'll defend his position. r ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> we've got some more breaking news for you. the michigan
i am a flat tax guy. what i don't get is why the united states wants to imitate the mistakes of western europe, jim pethokoukis. that's what i don't get. you get the last word. >> i think it's stunning and i hope we learn from yoour mistak as quickly as they did in great britain. >>> who needs to wait for a recession? our next guest says we may already be in one and it started way back in july. think about that. recession last july. stay with us. he'll defend his position. r ]...
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Nov 30, 2012
11/12
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he wants to raise taxes now. and, by the way, he'll get back to us with how exactly he intends to cut spending later. that's why speaker of the house john boehner told reporters no substantive progress has been made. president obama has no interest in reducing the size of the federal government. now democrats before him he's dangling the prospect of future budget cuts in the hopes republicans will take the bait. with that in mind, it's important to remember the words of president ronald reagan, he wrote them in his own autobiography, and described in great deal a deal he struck with the democrats in 1980s, promising $3 in spending cuts for every dollar in a tax increase. reagan wrote, the democrats reneged on their pledge and we never got those cuts. perhaps that's why some on the right are calling foul on these negotiations. >> the only secret talks have revealed, a government that skips from one crisis to the next. all of this secrecy allows the president to petition himself frankly and being in favor of a bala
he wants to raise taxes now. and, by the way, he'll get back to us with how exactly he intends to cut spending later. that's why speaker of the house john boehner told reporters no substantive progress has been made. president obama has no interest in reducing the size of the federal government. now democrats before him he's dangling the prospect of future budget cuts in the hopes republicans will take the bait. with that in mind, it's important to remember the words of president ronald reagan,...
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Dec 3, 2012
12/12
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CURRENT
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tax cuts, big tax cuts for rich people started under george w. bush and then we had the biggest economic collapse since the great depression. what does that tell you? >> stephanie: why can't they ever acknowledge that? they ran away from bush. no one campaigned on george bush. they must know his policies didn't work. why are they pretending they did? >> he wasn't even at the convention. >> memory hole. >> stephanie: gee, who was really front and center of our campaign? bill clinton! kind of weird. >> good president. >> stephanie: mary in pennsylvania. hi mary. >> caller: hi, there. i love your show. didn't start watching it until late in the campaign. and i feel like i found a wonderful friend. >> stephanie: aww. >> caller: my question is grover cleveland -- >> stephanie: his ideas are just as fresh. [ laughter ] >> caller: exactly. if he think the average career only lasts 25 years has he signed up all of those people to the pledge 20 years ago shouldn't we be getting ready to throw him a retirement party pretty soon? >> stephanie: yeah, one wou
tax cuts, big tax cuts for rich people started under george w. bush and then we had the biggest economic collapse since the great depression. what does that tell you? >> stephanie: why can't they ever acknowledge that? they ran away from bush. no one campaigned on george bush. they must know his policies didn't work. why are they pretending they did? >> he wasn't even at the convention. >> memory hole. >> stephanie: gee, who was really front and center of our campaign?...
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Nov 30, 2012
11/12
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CNBC
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income taxes, that we haven't paid more attention to property, state, local, and sales taxes? >> one big reason is this data doesn't exist. we created a model so that we could simulate the way that this tax burden is distributed. there's go government entity that looks at the burden of taxation. there is no centralized data. so people really miss this point. they don't appreciate the extent to which state and local taxes are interacting with federal taxes and really consuming the savings that people otherwise might be getting. it's just a new way of looking at it. >> and there's something that i guess is being called housers law where the idea being no matter where tax rates are, tax revenues as a percentage of gdp are going to remain constant or relatively constant over time. have you been getting pushed back to your story about that concept conce concept? >> well, it's important to understand that's true. whether or not it's a law is another question. it's absolutely true that they've remained pretty stable. the point here is the distribution has changed. relatively speaking
income taxes, that we haven't paid more attention to property, state, local, and sales taxes? >> one big reason is this data doesn't exist. we created a model so that we could simulate the way that this tax burden is distributed. there's go government entity that looks at the burden of taxation. there is no centralized data. so people really miss this point. they don't appreciate the extent to which state and local taxes are interacting with federal taxes and really consuming the savings...
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largest tax cut company in the world. australia had a really strong tax season. a loss of $0.39 a share. they do typically take a loss in this particular quarter because it is not the most busy time for doing taxes. they said they are very optimistic heading into the tax season. this stock looking pretty good. up 3.5%, up 10% for the year. connell: thank you very much. dagen: they were in love and then they weren't, with apple. they have gone gold, investors. for good. connell: cheryl and dennis are coming up to take over coverage with the latest on apple and whether investors have already seen their best days with the stock. i don't know. we will be right back. ♪ mac i am cheryl casone. dennis: i am dennis kneale. apple shares are higher after selling off for days. investors bailing out and taking a big capital gains before higher taxes. is there more at work here? have we fallen out of love with the beloved land? cheryl: plan layoffs increasing for the third straight month. tomorrow we need to look at the big number, the government number. coming up a unique
largest tax cut company in the world. australia had a really strong tax season. a loss of $0.39 a share. they do typically take a loss in this particular quarter because it is not the most busy time for doing taxes. they said they are very optimistic heading into the tax season. this stock looking pretty good. up 3.5%, up 10% for the year. connell: thank you very much. dagen: they were in love and then they weren't, with apple. they have gone gold, investors. for good. connell: cheryl and...
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Nov 29, 2012
11/12
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. >> read my lips, no new taxes. and when he violated that pledge -- >> off with his head! ♪ >>> we begin with a very busy day in washington and an array of meetings that would put your average speed dating event to shame. as we know, politics sometimes makes strange bedfellows. in this case one unusual lunch day. this afternoon the president hosted his vanquished rival, mitt romney. no word yet on if mr. romney found the cookies up to his rig rouse standards or how many white house beers the president decided to drink. we're also holding out hope that a savvy waiter or waitress caught at least 47% of the lunch on cell phone video. while in washington romney also met with his former running mate, the marathoner paul ryan, and offered a few kind words about him to the press. >> mr. romney, how was your meeting with mr. ryan today? was it nice to see him? >> that's a greet friend. good to be with him. >> good to be with him? >> always great to see paul ryan. >> while today's lunch was perhaps an opportunity to shake after a hard fought campaign, not everybody was feeling so
. >> read my lips, no new taxes. and when he violated that pledge -- >> off with his head! ♪ >>> we begin with a very busy day in washington and an array of meetings that would put your average speed dating event to shame. as we know, politics sometimes makes strange bedfellows. in this case one unusual lunch day. this afternoon the president hosted his vanquished rival, mitt romney. no word yet on if mr. romney found the cookies up to his rig rouse standards or how many...
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Dec 1, 2012
12/12
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. >> with 32 days to go, will you be paying higher taxes? my political all-stars weigh in on battleground america. >>> and against all odds, after sandusky, penn state's incredible comeback. my exclusive interview with the coach of the year. >>> and a reunion with a dear old friend whose bark is as bad as her bite. sharon osbourne. her incredible year of highs and lows and how she's rebuilding her life after facing a terrible health prognosis. >> i couldn't see myself going through chemoagain. >> this is "piers morgan tonight." >>> good evening. who ever thinks the american dream is dead or dying should meet mark and cindy hill, a missouri couple who live a very ordinary life. at least that's what they were doing until wednesday and a little thing called power ball came along. sure, the odds were 1 in 175 million, but like everybody else in america, pretty much everyone else, they bought a ticket. wouldn't you know it, they won. sharing the jackpot with another lucky winner. today, the hills are holding a check in their hands for a cool $293
. >> with 32 days to go, will you be paying higher taxes? my political all-stars weigh in on battleground america. >>> and against all odds, after sandusky, penn state's incredible comeback. my exclusive interview with the coach of the year. >>> and a reunion with a dear old friend whose bark is as bad as her bite. sharon osbourne. her incredible year of highs and lows and how she's rebuilding her life after facing a terrible health prognosis. >> i couldn't see...
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Nov 30, 2012
11/12
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FBC
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a higher tax next year, a higher tax on dividends is confidently expected. you avoid that if you get the dividend this year. 175 companies doing just that. all right, let's get at it, shall we. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes a
a higher tax next year, a higher tax on dividends is confidently expected. you avoid that if you get the dividend this year. 175 companies doing just that. all right, let's get at it, shall we. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how...
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Dec 3, 2012
12/12
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there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to get them and not focused on spending cuts. is that because the republicans and the president agree the middle class needs those tax cuts and should get them. the only thing they disagree on is whether the rich should also have tax cuts given to them. the left is say we agreet middle class should get the tax cuts. so let's give them to them. >> you are comment is largely right. the republicans have gone along in a bipartisan manner with the idea there has to be revenue. the speaker has put forward a framework in which he agrees there should be $800 billion of revenue on the table. the proble
there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to...
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Dec 4, 2012
12/12
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CSPAN2
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see the deduction for state income taxes being a tax expendture. when i paid tax to the district of columbia, that is the cost, my cost, of earning that income, and it should be deductible i believe in computing me federal tax income little. it's not deductible. >> host: diane in new hampshire, go ahead. >> guest: good morning. >> host: morning. >> caller: fascinated to hear about the tax. it kills me every year. i'm a small business owner, and my income changes year to year. i can make $80,000 one year, and i can make $60,000 the next, and the next 45. i cannot process what the amt will be. looking at the last return here, made $60,000 and had an amt of $1700, a piggy back. talk about this because i don't consider making $80,000 as a single person and paying 13% of the social security out of and all my other cuts to be a lot of money. >> guest: no, i don't disagree with you at all. the amt is not what you would have designed as a tax -- a way to compute your federal income tax. it is the combination of a reform that was end acted after the need fo
see the deduction for state income taxes being a tax expendture. when i paid tax to the district of columbia, that is the cost, my cost, of earning that income, and it should be deductible i believe in computing me federal tax income little. it's not deductible. >> host: diane in new hampshire, go ahead. >> guest: good morning. >> host: morning. >> caller: fascinated to hear about the tax. it kills me every year. i'm a small business owner, and my income changes year to...
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Dec 7, 2012
12/12
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they sent her a tax bill for $300,000. they wouldn't do that to you and your wonderful wife and they wouldn't do that to other straight couples in this country. it's not fair. >> let's go to -- let's get revolutiona revolutionary. we only have a few minutes. wonder looking at justice kennedy maybe because he's irish, i'm just kidding, there's something about him i find very interesting. >> and from california. >> he's from california. if you look at the majority opinion in the case involving lawrence texas which was about outlawing or basically declaring sodomy -- anti-sodomy laws unconstitutional, he says not only in that court decision you can't deny a person's liberty in these cases to engage in intimate conduct but it's about something bigger. marriage is is not about having constant sex, it's about having a loving relationship. it's about people. >> right. >> not organs. let me -- >> it's about families. >> okay. you tell it your way. if it gets down to questions of liberty and equal protection of the law, fundamental
they sent her a tax bill for $300,000. they wouldn't do that to you and your wonderful wife and they wouldn't do that to other straight couples in this country. it's not fair. >> let's go to -- let's get revolutiona revolutionary. we only have a few minutes. wonder looking at justice kennedy maybe because he's irish, i'm just kidding, there's something about him i find very interesting. >> and from california. >> he's from california. if you look at the majority opinion in the...
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Nov 29, 2012
11/12
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FBC
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call it a tax revolt. more than 170 companies issuing special dividends to avoid higher taxes next year. is a victory for investors but it is it also a victory for libertarians? we will ask one of them after the break. the judge. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difrence that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health
call it a tax revolt. more than 170 companies issuing special dividends to avoid higher taxes next year. is a victory for investors but it is it also a victory for libertarians? we will ask one of them after the break. the judge. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the...
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Dec 7, 2012
12/12
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MSNBC
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to a higher tax rate. i think they would be fine getting rid of some of the loopholes, but if this goes to where it's just higher tax rates on the rich and very little spending cuts, they little reform, i think there will be huge outrage. >> how about a sizable adjustment in entitlements, a big -- billions of dollars in cuts in regular spending, appropriations spending, and a reduction in the rich person's tax rate, a rise to 37% or 38%, would that sell with the right or not? >> i think there's a chance if they would see real reform, real cuts, more than what the president was saying, 2.5 times of cuts for every tax increase, but what they don't want are tax increases now and future cuts. that's not going to work. >> okay. thank you. just want to know what the rules were in the sane world and the insane world. i think it's going to be more like one to one, and i think it's going to be something like i mentioned. let me go back to you, bob. i don't know what it looks like to you. just the other day -- you d
to a higher tax rate. i think they would be fine getting rid of some of the loopholes, but if this goes to where it's just higher tax rates on the rich and very little spending cuts, they little reform, i think there will be huge outrage. >> how about a sizable adjustment in entitlements, a big -- billions of dollars in cuts in regular spending, appropriations spending, and a reduction in the rich person's tax rate, a rise to 37% or 38%, would that sell with the right or not? >> i...
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Nov 29, 2012
11/12
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KRCB
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the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we're not raising rates. >> brown: despite the president's talk of changing minds, "politico's" manu raju says that privately, house republicans think they can win this fight. >> right now the republican leadership feels pretty confident that they have most of their folks in line. they all generally support keeping tax rates low for virtually for every single income group. they do not want to see incomes increase for that top tax bracket. >> brown: meanwhile, on the senate floor, minority le
the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small...
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Dec 7, 2012
12/12
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MSNBC
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house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling. two republican officials tell me this is becoming the most likely scenario. "the new york times" added more detail including this amazing quote from rep michael c. burgess of texas. "there's always better ground, but we have to get there." in this case the better ground is exchanging the threat of a congressionally induced recession for the threat of a congressionally induced global financial crisis combined with recession. that, that is your better ground? that's a big plan? it's not -- it's not better ground for the economy. and, frankly, i find it difficult to see how it's better political ground even for the gop. i figured, i didn't get it. so i figured this was beyond my small political brain t
house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling. two republican officials tell me this is becoming the most likely scenario. "the new york times" added more detail...
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Dec 5, 2012
12/12
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tax liability. , in computing my federal income tax liability. it's not that, in computing my federal income tax liability. it's not that, in computing my federal income tax liability. it's not that >> host: here is diane and linda burrough, new hampshire. democratic caller, go ahead. >> caller: good morning. i'm fascinated to hear about the alternative minimum tax. it kills me every year. i am a small-business owner and the income fluctuates year-to-year. i could make maybe $80,000.1 year, $60,000 for next year. the next or i may make 45. every year i cannot possibly determine what the amt is going to be. a second mls return here. i made $60,000 i had amt $1700, a piggyback. could you please talk about this because i don't consider making $80,000 as a single person in pain or 10% of my social security and all other costs to be a lot of money. >> host: i don't disagree with you at all. the amt is not what you would have deliberately designed as a way to compute your federal income tax. it is the com
tax liability. , in computing my federal income tax liability. it's not that, in computing my federal income tax liability. it's not that, in computing my federal income tax liability. it's not that >> host: here is diane and linda burrough, new hampshire. democratic caller, go ahead. >> caller: good morning. i'm fascinated to hear about the alternative minimum tax. it kills me every year. i am a small-business owner and the income fluctuates year-to-year. i could make maybe...
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Nov 30, 2012
11/12
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there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim from twitter says -- guest: absolutely. a lot of these credits and deductions, the standard deduction exceeds what you would get, that you just take that. host: the specific credits we have been talking about prompt a question from cindy. guest: yes. you generally have to be working are working outside the home. host: is there an hour requirements? guest: there are a lot of specific requirements. host: kay from richmond, virginia. caller: if somebody is working as hard as they can and making less than $50,000 a year, they count on this refund every y
there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim...
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tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic performance of 2013 and come 2014, you can actually get a political change that might make a difference. stuart: we'll wait and see on that one. art laffer, always a pleasure. >> bye now. stuart: the republicans submit their fiscal cliff solution. now, that plan put out by speaker boehner, includes 800 billion dollars in extra tax revenues and that would come from limiting deductions and not from higher tax rates. and there would also be 1.2 trillion dollars worth of spending cuts and the white house immediately d
tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic...
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Dec 4, 2012
12/12
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to provide tax cuts on those. when it comes to balance, the president believes it is the right thing and it's the only mathematically sound way to achieve balance in the deficit reduction package and the point i've been trying to make is that he was very clear about this. but it should not be a surprise to republican leaders. >> this officer that the president made to house republicans, he is questioning more than that. repeatedly during the year about his proposal, he has been trying in an odd page document -- 70 odd pages at the podium last week, he was presented with a super committee appropriation. the deficit reduction has long been his position and it has been explicitly his position. we talked about it in the aftermath of the election. he did not suggest that he somehow added to his proposal -- >> what i am saying is that we didn't campaign on limiting the deductions for wealthier americans or limiting charity deductions for wealthier americans. those are not items that we talked about on the campaign trail
to provide tax cuts on those. when it comes to balance, the president believes it is the right thing and it's the only mathematically sound way to achieve balance in the deficit reduction package and the point i've been trying to make is that he was very clear about this. but it should not be a surprise to republican leaders. >> this officer that the president made to house republicans, he is questioning more than that. repeatedly during the year about his proposal, he has been trying in...
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Dec 7, 2012
12/12
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he voted for reduced rates on capital gains taxes. he voted to keep subsidies for oil and gas companies. that's a big one. but the best part of louie gohmert's crusade to protect the word "lunatic" is this -- >> this administration sent planes and bombs and support to oust gadhafi so that al qaeda and the muslim brotherhood could take over libya. i don't want to make you sick, but i brought an abortion to show you today. and i would just like to conclude with words of my friend, dick morris, who said, i know there's a disagreement on when life begins in america, but for heaven's sake, we ought to agree that life ends when you die. >> now we know why congressman louie gohmert of texas feels so passionately about protecting the word "lunatic." >>> coming up, one of the world's biggest companies is coming back to america. they're not worried about profits. they're worried about the american workforce. we'll explain why, next. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looki
he voted for reduced rates on capital gains taxes. he voted to keep subsidies for oil and gas companies. that's a big one. but the best part of louie gohmert's crusade to protect the word "lunatic" is this -- >> this administration sent planes and bombs and support to oust gadhafi so that al qaeda and the muslim brotherhood could take over libya. i don't want to make you sick, but i brought an abortion to show you today. and i would just like to conclude with words of my friend,...
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Dec 6, 2012
12/12
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tax. today this tax -- also known as the estate tax -- is set up at a top rate of 35%, with an exception for the first $5.1 million of the estate's value. well, those are the levels that congress set and the president agreed to in 2010. a republican house of representatives, democrat senate, as well as the president -- democrat in the white house. 2010. those are th levels are now setp dramatically to a top rate of 55% with an compe exemption fort the first $1 million. $1 million as you understands like a lot of money -- $1 million sounds like a lot of money until you start looking at family farms. farmers have a lot of assets such as land, buildings and livestock. those things are worth a lot of money for purposes of calculating the value of someone's estate. but they aren't liquid assets. you can't just spend a tractor. once a mom or dad dies in the farm family, the i.r.s. wants the death tax paid within nine months. the taxes collected -- though it is calculated on the big valuations fo
tax. today this tax -- also known as the estate tax -- is set up at a top rate of 35%, with an exception for the first $5.1 million of the estate's value. well, those are the levels that congress set and the president agreed to in 2010. a republican house of representatives, democrat senate, as well as the president -- democrat in the white house. 2010. those are th levels are now setp dramatically to a top rate of 55% with an compe exemption fort the first $1 million. $1 million as you...
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Dec 5, 2012
12/12
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without raising any taxes. but the fact of the matter is i know the gentleman has historically not felt tax cuts should be paid for either by reducing it or offsetting. the president doesn't agree with the $800 billion because he doesn't think the math works. i share the president's view. the math doesn't work. the most useful effort will be if we all agree on the onive -- objective, whether it's $4 trillion, whether it's 70% debt to g.d.p. ratio which most economists or a little less than that is sustainable or is on a sustainable path. if we all agree with the objective and then, mr. majority leader, simply make the math work to get there on a way that we could agree on, i think america would be advantaged, the economy would be advantaged and we'd see a renaissance of job creation in this country as we did in the 2000's. and i'll be glad to yield to my friend. mr. cantor: i accept the gentleman's good intentions. i know he doesn't think that we ought to be imposing additional obligations on the american peopl
without raising any taxes. but the fact of the matter is i know the gentleman has historically not felt tax cuts should be paid for either by reducing it or offsetting. the president doesn't agree with the $800 billion because he doesn't think the math works. i share the president's view. the math doesn't work. the most useful effort will be if we all agree on the onive -- objective, whether it's $4 trillion, whether it's 70% debt to g.d.p. ratio which most economists or a little less than that...
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when you withdraw, you already paid taxes on the money so it grows tax-free. >> taxpayers are looking for ways to accelerate income into 2012. the roth ira is a good way to do that. tracy: and you owe the entire tax bill on your entire ira this year. >> correct. all of the future earnings, future growth will be tax-free in the future. you need to be careful. the roth is not necessarily something, if you are looking you need the money and the next couple years. it is something you don't want to touch. you want to use money to pay the taxes outside of the ira. it is a wonderful estate planning tool. if you do not need the money, you can allow it to grow for decades and they give it to the next generation. tracy: and then your heirs get it for free. let's talk about capital gains. this is a big issue for a lot of people. what about dividend producing stocks and putting them into a retirement account. >> absolutely. it is worth considering. where should your assets be. inside or outside an ira. you only pay tax when you take the money out in retirement. tracy: it is worth discussing. we w
when you withdraw, you already paid taxes on the money so it grows tax-free. >> taxpayers are looking for ways to accelerate income into 2012. the roth ira is a good way to do that. tracy: and you owe the entire tax bill on your entire ira this year. >> correct. all of the future earnings, future growth will be tax-free in the future. you need to be careful. the roth is not necessarily something, if you are looking you need the money and the next couple years. it is something you...
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Dec 1, 2012
12/12
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FOXNEWSW
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in exchange, he says republicans could agree to more tax revenue, but not through higher tax rates. will both sides be able to work this thing out? let's bring in our panel, donna is an advisor to pennsylvania senator bob kerry and a former staffer for pennsylvania governor ed rendell. ron is a former communications director to the house speaker, dennis hastert. good to see you both. >> good to sigh. >> gregg: donna, let's start with what the president was offering a. even democrats are criticizing him for demanding 150 billion in more spending. not less, including a $50 billion stimulus this next year. at a time when the focus perhaps should be on spending cuts, are those democrats right? >> well, i'm hearing many more democrats resonating with the message that the president is delivering and that message is that he ran on and got elected on the basis of more taxes for the most wealthy americans. i think that there is a real danger for republicans in not really hearing that message. i've been impressed by the number of republicans that have made positive indications that more reven
in exchange, he says republicans could agree to more tax revenue, but not through higher tax rates. will both sides be able to work this thing out? let's bring in our panel, donna is an advisor to pennsylvania senator bob kerry and a former staffer for pennsylvania governor ed rendell. ron is a former communications director to the house speaker, dennis hastert. good to see you both. >> good to sigh. >> gregg: donna, let's start with what the president was offering a. even democrats...
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Nov 30, 2012
11/12
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CURRENT
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we don't tax wealth. i think the suggestion is a principle that i will take into into the comprehensive tax reforms because i believe that wealth should be taxed. you cannot hide it in the cayman island. you can't hide it in capital gains. why should that be taxed at a different rate? because you're going to reinvest that money? that didn't happen in 2001 or 2003. the unemployment rate there is horrible. president bush had a terrible second term, lost hundreds of thousands of jobs. what the heck are we talking about here? where is the proof? where is the data. >> stephanie: representative john boehner said this yesterday. >> sound byte: the country doesn't need a victory lap. it needs leadership. >> oh, shut up. >> caller: that's a great line. >> stephanie: this is what the president ran on. this was not a victory lap. this was the defining argument of the election that he just won. the american people voted for this. this is what we should be doing. >> caller: stephanie, i only hope, i would not say this
we don't tax wealth. i think the suggestion is a principle that i will take into into the comprehensive tax reforms because i believe that wealth should be taxed. you cannot hide it in the cayman island. you can't hide it in capital gains. why should that be taxed at a different rate? because you're going to reinvest that money? that didn't happen in 2001 or 2003. the unemployment rate there is horrible. president bush had a terrible second term, lost hundreds of thousands of jobs. what the...
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Nov 30, 2012
11/12
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FBC
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raising the gas tax is the latest. tom kloza joined those on the phone now. >> i think it is probably something that is sensible to look at. melissa: what works? this is incredibly regressive. i cannot imagine democrats embracing this. this will hit lower income americans the hardest. >> in the rural south and the rural midwest. it has not been increased since 1993. it is a fraction of what you see. here is a thought. if you really believe and i do believe that we are probably going to be much more dependent on foreign oral and have two purdue as oil going forward, there may be a way to index it towards those u.s. numbers. melissa: is the economy growing at 8% and no one told me look back why would you raise taxes on something like this works? home values are terrible. unemployment is high. that just takes money directly away from things that people would spend money on to fuel the economy and put that in the pocket of the government. >> i would disagree with you. years ago if we would spend as much as we well this yea
raising the gas tax is the latest. tom kloza joined those on the phone now. >> i think it is probably something that is sensible to look at. melissa: what works? this is incredibly regressive. i cannot imagine democrats embracing this. this will hit lower income americans the hardest. >> in the rural south and the rural midwest. it has not been increased since 1993. it is a fraction of what you see. here is a thought. if you really believe and i do believe that we are probably going...
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Dec 7, 2012
12/12
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CURRENT
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they want lower taxes. they don't want their taxes -- they -- and i would submit to you that you don't see in washington, d.c. lobbies for the middle class for the job less. >> right. >> people of color. what you have in washington are these establishment, well-funded corporate lobbies. they want to fund corporations as people. they want those tax breaks. they are not working for the common good. around this country, you have social movements in motion. you have a lot of good progressive ideas. it is the case that right now we shouldn't be talking about cuts. we should be talking about how to create jobs. >> yeah. >> we should be talking about how to invest in our country and not be involved in kind of an austerity-light. >> that's going to take a lot more work, but i -- i respectfully submit that there are amount of good -- a lot of good progressive -- there is a lot of good progressive work and movement work. >> i love this. well, cat written t /* katrina, you are bringing some much-needed, positive view
they want lower taxes. they don't want their taxes -- they -- and i would submit to you that you don't see in washington, d.c. lobbies for the middle class for the job less. >> right. >> people of color. what you have in washington are these establishment, well-funded corporate lobbies. they want to fund corporations as people. they want those tax breaks. they are not working for the common good. around this country, you have social movements in motion. you have a lot of good...
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Nov 30, 2012
11/12
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CSPAN
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the president has been clear and we support him on holding firm to the 250 tax cuts, expiration of tax cuts for people making over $250,000 a year. that would be part of a big package that has big can cuts. we've already voted for over a trillion dollars in cuts. revenue is needed and job creation is essential to reduce the deficit. we believe if you want to reduce the deficit grow the economy. it's all together. that is attested by every bipartisan task force, commission, you name it that has come together. you can't get here from here in terms of deficit reduction and fiscal soundness without having revenues be on the table. i'd like to yield to the assistant leader for his comments. >> thank you. i think that this meeting was very very fruitful. it simply remind us once again of exactly why we are here. but i don't know -- but i would add to what the leader has said the time for posturing is over which we are in the holiday season when people will love to turn to their families with some certainty and i think we ought to give them that. and it's very easy to do. the president has la
the president has been clear and we support him on holding firm to the 250 tax cuts, expiration of tax cuts for people making over $250,000 a year. that would be part of a big package that has big can cuts. we've already voted for over a trillion dollars in cuts. revenue is needed and job creation is essential to reduce the deficit. we believe if you want to reduce the deficit grow the economy. it's all together. that is attested by every bipartisan task force, commission, you name it that has...
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Nov 29, 2012
11/12
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CSPAN2
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the solution is tax reform that broadens the tax base by scaling back tax preferences and cutting the corporate rate. we could cut it to 25%, scale back the deductions, the credits, the exemptions and have a competitive territorial system and have it all be revenue neutral. there is such a proposal that has been scored by the joint committee on taxation here in congress. we know we can do it. we're not saying it's easy. some of these preferences of course on these loopholes are ones that are very difficult to reduce or eliminate, but it would be the right thing to do for our economy. i do think we have seen some signs of developing bipartisan consensus on this issue, and i'm hopeful that we will see the same movement for pro growth individual tax reform because reforming the entire code is critical to regaining competitiveness, spurring growth and producing the revenues we need to pay for important public priorities. the smart way to raise revenue then is not through tax rate hikes that threaten to shrink our economy but rather thoughts u tax reform designed to help grow the economy.
the solution is tax reform that broadens the tax base by scaling back tax preferences and cutting the corporate rate. we could cut it to 25%, scale back the deductions, the credits, the exemptions and have a competitive territorial system and have it all be revenue neutral. there is such a proposal that has been scored by the joint committee on taxation here in congress. we know we can do it. we're not saying it's easy. some of these preferences of course on these loopholes are ones that are...
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Nov 29, 2012
11/12
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CSPAN
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well, we know that the bush tax cuts are expiring. they'll expire for everyone, not just the top 2%. this is not something we want the american middle class to get hit with a tax increase at this time, but we do believe the wealthiest among us should pay more. and we think that the top 2% should pay a higher tax rate on the money they make after $250,000 a year. we also believe that there's more that can be done, closing loopholes. people say, let's talk about that. . we see the bush era tax cuts expiring for everybody. we see the production tax credit expiring which is something important for work in the wind industry and the area of industry that promotes environmental matters. we also see the expiration of things like the estate tax, the s.g.r., which is the doctors fix for medicare. and we also see the sequestration which is the outcome, time outcome of the budget control act that we passed in august, 2011, which is now coming due, and there will be equal defense and discretionary spending cuts on both sides which will be -- which
well, we know that the bush tax cuts are expiring. they'll expire for everyone, not just the top 2%. this is not something we want the american middle class to get hit with a tax increase at this time, but we do believe the wealthiest among us should pay more. and we think that the top 2% should pay a higher tax rate on the money they make after $250,000 a year. we also believe that there's more that can be done, closing loopholes. people say, let's talk about that. . we see the bush era tax...
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Dec 4, 2012
12/12
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CNNW
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this is the tax revenue, this would be the new taxes. this would be done by closing loopholes, limiting deductions, not, obviously, by increasing income tax rates for the wealthy. $600 billion in health savings. that's the entitlement reform. that's medicare cuts. cuts to other entitlements. compare this to the white house, $1.6 trillion in new taxes, so that's two times the amount in speaker boehner's counteroffer. and $400 billion in cuts to medicare and entitlements. so that's $200 billion less than speaker boehner's. also something in here that the white house has proposed as a nonstarter for house republicans was having congress give up their debt limit vote. the white house is call being speaker boehner's counteroffer not serious. they're saying there needs to be specifics. but i will tell you that democratic leadership made in a moment of i guess you could say truth, that it does pass the last test. obviously democrats don't like it but it certainly could have more things in it that they don't like. so maybe it's not, as far as a
this is the tax revenue, this would be the new taxes. this would be done by closing loopholes, limiting deductions, not, obviously, by increasing income tax rates for the wealthy. $600 billion in health savings. that's the entitlement reform. that's medicare cuts. cuts to other entitlements. compare this to the white house, $1.6 trillion in new taxes, so that's two times the amount in speaker boehner's counteroffer. and $400 billion in cuts to medicare and entitlements. so that's $200 billion...
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Dec 3, 2012
12/12
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CNNW
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and you could save hund
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s...
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Dec 7, 2012
12/12
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CURRENT
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the relative and absolute tax burden of the federal income tax on the, you know, income taxes in general, you'll find that the burdens are on the lower income groups. >> eliot: we've got to stop it there, thank you, you are a patriot, you want to pay more. that's "viewpoint" for this week. [ ♪ theme ♪ ] >> bill: hey, hey, hello everybody. it is tuesday. >> bill: good morning, everybody. happy friday. it is friday december 7th, so good to see you today. welcome to the "full-court press" here on current tv coming at you live all across this great land of ours with all of the news of the morning from our nation's capitol. >> that's where you find us right here on capitol hill. we will tell you what's happening in our nation's capitol and give you a chance to get involved in the conversation at 866-55-press. how about a big news today? south carolina's jim demint announced he is going to resign from the senate to head the heritage foundation. that is good news not senate. at a time gets rid of one of the most whacko extremist members of the senate. bad news for the heritage foundation be
the relative and absolute tax burden of the federal income tax on the, you know, income taxes in general, you'll find that the burdens are on the lower income groups. >> eliot: we've got to stop it there, thank you, you are a patriot, you want to pay more. that's "viewpoint" for this week. [ ♪ theme ♪ ] >> bill: hey, hey, hello everybody. it is tuesday. >> bill: good morning, everybody. happy friday. it is friday december 7th, so good to see you today. welcome to...
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Dec 3, 2012
12/12
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CNBC
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and tax increases. >> yeah. speaking of which, bob, at least over the weekend, it looks like the white house has moved their piece, and they are not going to move again until the republicans table something. how do you see these things going down? we've got three weeks to play with here before everybody really does leave for the holidays. are you optimistic? >> i'm optimistic by nature. and i have a feeling that when the economic future of the country is at stake or at least the near-term economic future of the country, people are going to rise above and do the right thing. and i think the republicans, frankly, are going to have to accept some tax increases. the wealthy are going to have to accept some tax increases, even if only temporary. but on the other side, there's got to be massive spending cuts and entitlement programs, because you can't have the -- a minor revenue increase without a decrease in spending. and then again, my favorite solution would be a temporary national sales tax, and a federal fuel tax
and tax increases. >> yeah. speaking of which, bob, at least over the weekend, it looks like the white house has moved their piece, and they are not going to move again until the republicans table something. how do you see these things going down? we've got three weeks to play with here before everybody really does leave for the holidays. are you optimistic? >> i'm optimistic by nature. and i have a feeling that when the economic future of the country is at stake or at least the...
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Nov 29, 2012
11/12
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CSPAN
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host: when you say tax provisions, increased taxes? guest: yes. some of the tax increases on higher income people. there's a new tax on -- new tax limitations on people with high incomes that go into effect in 2013. sort of in anticipation of 2014. to bank some of the money, if you will, that will pay for some of the things like these subsidies people will be getting when they go to these exchanges that start in 2014. host: republicans in congress, are they still pushing for a repeal or altering the a.c.a.? >> repeal, not so much. i think we saw right after the election, saw a number of republicans who were acknowledging, yes, it was, if you will, a referendum on the a.c.a. it is here to stay. it is the law of the land. probably not so many out and out repeal votes. that doesn't mean there still won't be efforts to change it. as i mentioned i think you'll see some of those in these -- fiscal cliff talks that you might see. there's a lot of elements to this law that are controversial. >> today's "washington journal," available any time in our video
host: when you say tax provisions, increased taxes? guest: yes. some of the tax increases on higher income people. there's a new tax on -- new tax limitations on people with high incomes that go into effect in 2013. sort of in anticipation of 2014. to bank some of the money, if you will, that will pay for some of the things like these subsidies people will be getting when they go to these exchanges that start in 2014. host: republicans in congress, are they still pushing for a repeal or...
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Dec 6, 2012
12/12
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CSPAN2
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tax reform. each should be made permanent or fazed out based on that review, but realistically, the congress will not make those decisions before the end of this year. tax reform will take the better part of a year to accomplish or perhaps even longer. we will need to pass an extenders bill before then, and we have one before us today that is worthy of being passed. a third reason we should pass the tax extenders package now and not wait until the 11th hour is that waiting could force the i.r.s. to delay the tax filing season by ten weeks or more for millions of americans. in fact, we are at the 11th hour. i should amend my comments to make that point very clear. this need for the i.r.s. to delay the tax filing season is because the bill extends many provisions that expired at the end of 2011. they need to be extended for 2012 before people file their tax returns beginning in january of 2013. after congress acts, if it acts, the i.r.s. needs weeks to finalize tax forms and instruction books and t
tax reform. each should be made permanent or fazed out based on that review, but realistically, the congress will not make those decisions before the end of this year. tax reform will take the better part of a year to accomplish or perhaps even longer. we will need to pass an extenders bill before then, and we have one before us today that is worthy of being passed. a third reason we should pass the tax extenders package now and not wait until the 11th hour is that waiting could force the...
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Nov 30, 2012
11/12
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CSPAN2
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this is a -- this is a provision in the law that i worked on, in fact, with tax the gentleman from oklahoma anded sait something simple, if you are adjudicated mentally infirm you're on the same list that prevents you from buying a gun as if you're a felon. in my judgment, i love our veterans, i vote for them all the time, they defend us. but if you are mentally ill, whether you're a veteran or not, just like if you're a felon, if you're a veteran or not, and you have been judged to be mentally infirm, you should not have a gun. and that no amendment, my friend, is absolute. the first amendment is not absolute, you're against antipornography laws. the third, fourth, fifth, sixth, seventh, and eight and ninth amendments are absolute and as much as i believe in the second amendment and the right to bear arms and was a supporter of the heller amendment neither is the second amendment. i continue my objection to the provision. mr. mccain: may i be recognized? the presiding officer: the senator from arizona. mr. mccain: what we have here after 12 hiewrs today, eight hours yesterday and 42 amendm
this is a -- this is a provision in the law that i worked on, in fact, with tax the gentleman from oklahoma anded sait something simple, if you are adjudicated mentally infirm you're on the same list that prevents you from buying a gun as if you're a felon. in my judgment, i love our veterans, i vote for them all the time, they defend us. but if you are mentally ill, whether you're a veteran or not, just like if you're a felon, if you're a veteran or not, and you have been judged to be mentally...
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Dec 4, 2012
12/12
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KRON
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but it has no tax increases. it raises revenue through closing tax loopholes and this deductions. raising 800 billion over 10 years. does have a what the president is proposing.hite house he immediately rejected the republicans' proposal. the president is saying that he will not accept a proposal without a tax increase for the wealthier americans. it is 27 days until the fiscal cliff. >> u.s. officials say that the white house and its allies are weighing military options to secure serious chemical and biological weapons. this comes after u.s. intelligence reports show that the syrian regimen may be ready and those weapons and may be desperate enough to use them. president barack obama told an audience at the national defense university monday that the use of chemical weapons is and would be totally unacceptable. >> the senate has approved president barack 0 obamas choice to be the top commander in afghanistan. lawmakers cleared the way for general joseph dunford, the assistance command of the marine corp's, to take over as head of the u.s. and coalition forces and afghanistan. ala
but it has no tax increases. it raises revenue through closing tax loopholes and this deductions. raising 800 billion over 10 years. does have a what the president is proposing.hite house he immediately rejected the republicans' proposal. the president is saying that he will not accept a proposal without a tax increase for the wealthier americans. it is 27 days until the fiscal cliff. >> u.s. officials say that the white house and its allies are weighing military options to secure serious...
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he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this debt. we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to
he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this...
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jackson the small business just picks up and leaves to avoid the unions and taxes. i'm a fan of samuel l. vaction jacuzzi and i will apologize apologize -- jacuzzi and i will apoll jackson. the movie takes place in l.a. >> forgive me for explaining the point. in california they used to shoot most of the movies in los angeles, hollywood. the film capital of the world. but the expenses are so now onerous because of the unions, regulations, environmental, on and on and on, that the movie companies headed mostly by liberal individuals an samuel l. jacuzzi is certainly one of those. shoot everything in canada, all of their principles of labor go flying out the window. california loses all of that revenue that they used to have because of all the craziness. is that the point you were trying to make there, carolla? >> right. it's exactly the point very eloquently made. and, like i said, he is a business. and he moves. other businesses go to texas and they stay there for good. and that's what's happening in-to-california. california, honestly, is like a hot blonde high scho
jackson the small business just picks up and leaves to avoid the unions and taxes. i'm a fan of samuel l. vaction jacuzzi and i will apologize apologize -- jacuzzi and i will apoll jackson. the movie takes place in l.a. >> forgive me for explaining the point. in california they used to shoot most of the movies in los angeles, hollywood. the film capital of the world. but the expenses are so now onerous because of the unions, regulations, environmental, on and on and on, that the movie...
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host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller: a quick question about the comments of the 401(k). i used to work for a cpa firm. i understand they are income tax deferred instruments. when you take it out, the tax you pay is income tax. the assumption is the rate would be lower. let's say the rate is 25% when you retire. that is higher than the current cap gains tax rate. it does not apply to 401(k)'s or any other income tax deferred instrument. when you take them out, you pay taxes on them. guest: that is correct. you pay income tax and presumably when you retire, you are at a lower tax rate and that is the
host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller:...
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we're definitely raising taxes, payroll tax holiday is gone. we're raising taxes on everybody. do you want to do that at a time when the economy is fundamentally weak? raise taxes in a weak economy? not a good idea. this report in one hour is going to tell us an awful lot about the underlying state of our economy. >> brian: because of my unique position and what i made witness of hurricane sandy, i know you can not find an electrician. you can not find a plumber. you have to wait in line for a contractor. so anyone that says sandy wiped out jobs, you might have a point. they also gave a lot of jobs and a lot of the fema checks are up to $30,000. and they're building things and hiring people with that money. >> that is true. and next month when we get next -- december's unemployment report, you're going to see a blip up in number of jobs created because of what you're talking about. but in november, jobs were lost because of the hurricane, but not as many as to make up for a fundamentally underlying weak economy. >> brian: do you think that the number today will spur some real l
we're definitely raising taxes, payroll tax holiday is gone. we're raising taxes on everybody. do you want to do that at a time when the economy is fundamentally weak? raise taxes in a weak economy? not a good idea. this report in one hour is going to tell us an awful lot about the underlying state of our economy. >> brian: because of my unique position and what i made witness of hurricane sandy, i know you can not find an electrician. you can not find a plumber. you have to wait in line...
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more than they would ever need for a tax cut. the president said the senate says i have my pen. i am ready to sign it. all we need is a vote in the house. why won't that take place? >> trying to get enough signatures for a discharge. >> getting ahead of yourself? >> yeah. >> why no vote? >> it's complicated. i think that what we are seeing now is not any sort of real negotiation. it is a battle of messaging to try to secure aparticular victories. one of the most interesting things about this entire debate is we are focused on the tax season. this is what people feel in their pockets. i think one-of the biggest issues that the white house has to think about is the debt ceiling because last time in the lame duck, they didn't take the republican threat seriously they weren't going to raise it. they thought that that was a lot of hot air on the campaign trail from people like michelle bachmann. it wasn't. if they don't raise the debt ceiling now and they come up with any sort of agreement, john boehner can come to them. >> you are ge
more than they would ever need for a tax cut. the president said the senate says i have my pen. i am ready to sign it. all we need is a vote in the house. why won't that take place? >> trying to get enough signatures for a discharge. >> getting ahead of yourself? >> yeah. >> why no vote? >> it's complicated. i think that what we are seeing now is not any sort of real negotiation. it is a battle of messaging to try to secure aparticular victories. one of the most...
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not the tax rates. cut the spending, not the -- >> gretchen: it's kind of like that duh sound on the simpson show. people know this. people know this is what it's going to come down to yet it's this posturing. now headlines, chaos in cairo. president morsi returning to his palace overnight. he took off amid violent protests between police and protests, 100,000. they're outraged over morsi expanding his powers. hello, you elected him -- but the muslim brotherhood calling for its own protests over alleged abuses by the opposition. several tv stations in egypt going back to protest the constitution drafted by islamists. >>> new chilling surveillance video showing the moment when a barista came face-to-face with her killer. you can see 18-year-old samantha make the coffee and then raise her hands as if she's being held up. he makes her turn off the lights and climb through a window before tying her hands behind her back, chilling. the f.b.i. says he then sexually assaulted and he killed her. he's confessed
not the tax rates. cut the spending, not the -- >> gretchen: it's kind of like that duh sound on the simpson show. people know this. people know this is what it's going to come down to yet it's this posturing. now headlines, chaos in cairo. president morsi returning to his palace overnight. he took off amid violent protests between police and protests, 100,000. they're outraged over morsi expanding his powers. hello, you elected him -- but the muslim brotherhood calling for its own...
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Dec 3, 2012
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just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't really see them doing that. >> thank you very much. mr. president. >> meanwhile as nato prepares to deploy patriot missile defenses to turkey, hillary clinton warns syria against moving its chemical weapons. >> this is a red line for the united states. i'm not going to telegraph in any specifics what we are would do in the event of credible evidence that the assad regime has resorted to using chemical weapons against their own people, but suffice it to say, we are certainly planning to take action if that eventuality were to occur. >> and while washington buzzes over this video tribute to clinton, some are
just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't...
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discuss tax, then let's talk seriously about taxes. if we're going to talk about spending cuts, let's talk seriously about spending cuts. but we're not going to take care of this $16 trillion debt unless we do that. >> people have described what's happening in the gop as sort of a civil war. you have the tea party, sort of mainstream conservatives and then moderates, those that remain. and then there have been sort of calls, to fire, to get rid of john boehner. do you think that's going to happen? would you support that? >> well, i think there's a lot of unease in the conference. there's a lot of unrest at all levels. tea party versus moderate versus mainstream theme. people like me are out there, calling for reductions in pentagon spending, calling for working with the democrats. if you look at the four people removed from their committees, we have been willing to work with democrats on a lot of these tough spending issues. >> would you support the re-election of the speaker? or do you think he should be fired? >> well, we're going to
discuss tax, then let's talk seriously about taxes. if we're going to talk about spending cuts, let's talk seriously about spending cuts. but we're not going to take care of this $16 trillion debt unless we do that. >> people have described what's happening in the gop as sort of a civil war. you have the tea party, sort of mainstream conservatives and then moderates, those that remain. and then there have been sort of calls, to fire, to get rid of john boehner. do you think that's going...
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instead of reforming the tax code and cutting spending the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week, can you characterize that call? did he have any kind of counter offer? also, we understand that he is making clear that it's got to be increase in rates for the wealthy or no deal. are you willing to give a little bit maybe not all the way to 39.6? >> the phone call was pleasant, just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if he's serious, to come back to us with a coun
instead of reforming the tax code and cutting spending the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both...
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tax hikes for the rich x. republicans want tax reform and eliminate deductions and closing the loop holes. the president said on twitter, there can't be tax cuts at the rich at the expense of domestic programs. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business to discuss the plan and house speaker jone boehner will meet with the governors and plans to conduct rallies with small business owners and not sure when they will sit down and talk again. >> steve: thank you very much, kelley. we heard there are a number of democrats willing to jump off of the cliff schumer to name one. the white house is telling democrat reporters that the president is not eager to but he is willing to go off of the cliff if the republicans don't agree to raising income tax rates. >> gretchen: that is not surpris
tax hikes for the rich x. republicans want tax reform and eliminate deductions and closing the loop holes. the president said on twitter, there can't be tax cuts at the rich at the expense of domestic programs. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business...
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and then he accuses president obama of taxing christmas. [ applause ] >> taxing christmas. >> stephanie: it's not even worth my energy to explain. >> how do you tax christmas? >> stephanie: you don't, and that's why -- you don't. you don't. [ sighs ] >> stephanie: like that added anything to the show. >> you want an angel on the top of the tree it is going to cost you. obama is going to charge you a million dollars. >> stephanie: all right. forty-six minutes after the hour. right back own the "stephanie miller show." >> on the stephanie miller radio show in suburban america this morning -- >> announcer: it's the "stephanie miller show." ♪ [ boy 1 ] hey! that's the last crescent. oh, did you want it? (vo) when the clock runs out when the last card is played i want the people who watch our show, to be able to come away armed with the facts, and the arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. but it's also about telling them, you're put on this planet for something more. i want this show to have an impact beyond just i
and then he accuses president obama of taxing christmas. [ applause ] >> taxing christmas. >> stephanie: it's not even worth my energy to explain. >> how do you tax christmas? >> stephanie: you don't, and that's why -- you don't. you don't. [ sighs ] >> stephanie: like that added anything to the show. >> you want an angel on the top of the tree it is going to cost you. obama is going to charge you a million dollars. >> stephanie: all right. forty-six...
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he did talk about his desire to increase taxes which may go to melissa's point. but after an elect like this. there isn't that goodwill. there isn't that kind of national coming together that you might have seen for, say, bill clinton or ronald reagan and their reelection. people are pretty bummed out. alisyn: tell us what the larger issue is. does this mean people won't be spending as much on christmas gifts in how do it translate to what it means to the economy? >> it's always hard to reconcile how people feel and how they act. we know you may feel like you shouldn't spend a lot of money but when push comes to showf end up buying an extra gift. soy don't think it means christmas is doomed. but like you were saying before. people are not feeling hopeful about what's going on and they are not alone. when i talk to economists they are wondering, is this the new normal. you have roughly 150,000 people finding jobs. is its lauded as a good thing, in the past you would see 200,000 to 300,000 people every month finding a new job. at this rate it will take nine years t
he did talk about his desire to increase taxes which may go to melissa's point. but after an elect like this. there isn't that goodwill. there isn't that kind of national coming together that you might have seen for, say, bill clinton or ronald reagan and their reelection. people are pretty bummed out. alisyn: tell us what the larger issue is. does this mean people won't be spending as much on christmas gifts in how do it translate to what it means to the economy? >> it's always hard to...
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give 98% of us tax relief. the things that both sides agree on and then the president yesterday thinks the president is poised to take off. obviously going over the cliff is the last thing anybody wants right now. >> i agree. i hear people on both sides talk about that. it may have been a contrived cliff. i know some folks call it a curve or whatever they want to call it. the fact of the matter is a large portion of any economy is the psychological effect of it. and you can't tell me that middle class -- i'm a teacher my wife and i -- that they're thinking about what happens if that tax bill changes on january 1st and they're making decisions about their spending right now. that's reality. the one thing i agree with republicans on in the 2010 elections was that the economy needed certainty. the thing that frustrates me is it is creating more uncertainty by them not signing on to this and passing it. >> stephanie: absolutely. what i was saying last hour, representative, the thing we're not falling for is some of
give 98% of us tax relief. the things that both sides agree on and then the president yesterday thinks the president is poised to take off. obviously going over the cliff is the last thing anybody wants right now. >> i agree. i hear people on both sides talk about that. it may have been a contrived cliff. i know some folks call it a curve or whatever they want to call it. the fact of the matter is a large portion of any economy is the psychological effect of it. and you can't tell me that...
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and then he accuses president obama of taxing christmas. [ applause ] >> taxing christmas. >> stephanie: it's not even worth my energy to explain. >> how do you tax christmas? >> stephanie: you don't, and that's why -- you don't. you don't. [ sighs ] >> stephanie: like that added anything to the show. >> you want an angel on the top of the tree, it is going to cost you. obama is going to charge you a million dollars. >> stephanie: all right. forty-six minutes after the hour. right back own the "stephanie miller show." >> on the stephanie miller radio show in suburban america this morning -- >> announcer: it's the "stephanie miller show." ♪ [ boy 1 ] hey! that's the last crescent. oh, did you want it? (vo) when the clock runs out when the last card is played what will be remembered? explore the lives of the famous and infamous who changed our world forever. experience the drama, back to back to back. of all the hours in all their days, the ones you'll never forget are the final 24. don't miss the final 24 mini-marathon this sunday on current tv. save the best for last. [ boy 1 ] hey! t
and then he accuses president obama of taxing christmas. [ applause ] >> taxing christmas. >> stephanie: it's not even worth my energy to explain. >> how do you tax christmas? >> stephanie: you don't, and that's why -- you don't. you don't. [ sighs ] >> stephanie: like that added anything to the show. >> you want an angel on the top of the tree, it is going to cost you. obama is going to charge you a million dollars. >> stephanie: all right. forty-six...
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tax breaks, right? democrats are fighting hard to preserve the tax deduction for state and local taxes, that costs the federal budget more than $80 billion a year. why? because 7 of 8 states where taxpayers use the deductions that much are blue or democratic. new york, new jersey, pennsylvania, all blue with the highest state local -- state and local taxes taken out there and property taxes. the tax deductions on them benefit higher income taxpayers in states that consistently deliver for the democrats. i get the politics of this but democrats need to own up. they can't have their cake and eat it, too. in the end, we are all going to pay more or we are going to get less. if we're serious about the fiscal house in order. if demonstrates are serious about republicans to break with ideology and their party base, to vote for higher tax rates, democrats have to be willing to do the same and break with their base. both sides can go back to the politics after they get in right. quit scrapping. get the work don
tax breaks, right? democrats are fighting hard to preserve the tax deduction for state and local taxes, that costs the federal budget more than $80 billion a year. why? because 7 of 8 states where taxpayers use the deductions that much are blue or democratic. new york, new jersey, pennsylvania, all blue with the highest state local -- state and local taxes taken out there and property taxes. the tax deductions on them benefit higher income taxpayers in states that consistently deliver for the...
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we are talking about reforming the tax code, raisinging tax rates. that's the only thing i say that i absolutely will not do. 258 members of congress, republicans all, have taken the pledge. only six are waffling. we're standing strong on that point. >> do you think that's a pledge with grover norquist, with your constituents? there are others saying they have room around the pledge. >> well, that's a great question you just asked me. is that a pledge to my constituents. absolutely. in 2002 -- and i was running in a tough primary and those folks back in marietta, georgia, said, phil, are you going to take the grover norquist, americans for tax reform pledge. i said, yes, i will take it. many would have voted for my opponent. that plenl, i honor that. it's a pledge to my constituents. absolutely. >> all right. you say your constituents don't want you to raise taxes on the rich. let me show you what an abc/washington post poll shows. 60% would support raising taxes on incomes over $250,000 per year. you wouldn't do that? >> i understand that their perc
we are talking about reforming the tax code, raisinging tax rates. that's the only thing i say that i absolutely will not do. 258 members of congress, republicans all, have taken the pledge. only six are waffling. we're standing strong on that point. >> do you think that's a pledge with grover norquist, with your constituents? there are others saying they have room around the pledge. >> well, that's a great question you just asked me. is that a pledge to my constituents. absolutely....
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if the guy has three girls, $1,500 tax-free, seven days a week. >> back in room 125, officer mark cautioned the undercover officers outside to be on alert. >> i just found out they made a few calls. >> it looks like a very young hispanic female. she is going to call back in 20 minutes. just be aware of it. >> the officers await for the juvenile to arrive they notice a suspicious man with three underage girls checking into a room just above the sting room. he leaves with two of the girls in the car. >> a lexus with chrome rims just passed by me. >> he's probably on the track to check them. >> officer saleda is sure he is a pimp and he's just transported two girls to a strip advertised online as a hot spot for young prostitutes. and it's just blocks from the hotel. minutes later, officers notice the young girl they left behind is pregnant. >> there's a female pregnant, a female black pregnant, she has turquoise suit on. >> sergeant hogenmiller say they stopped the man and two young women down the street. the man is on probation and one of the girls is just 16. he tells the team to abandon the
if the guy has three girls, $1,500 tax-free, seven days a week. >> back in room 125, officer mark cautioned the undercover officers outside to be on alert. >> i just found out they made a few calls. >> it looks like a very young hispanic female. she is going to call back in 20 minutes. just be aware of it. >> the officers await for the juvenile to arrive they notice a suspicious man with three underage girls checking into a room just above the sting room. he leaves with...
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the nonpartisan tax policy center called it mat mathematicy impossible to give tax breaks to the rich without harming the middle class. this is something that former president clinton said during the campaign. it's arithmetic. given the choice between the millionaires and billionaires and the middle class, the republicans again sided with the wealthy of this country. their plan doesn't just keep rates low for the richest 2%, it actually lowers them further. the democrats' plan would protect 98% of families and 97% of small businesses from painful tax increases by asking the top 2% to pay a little bit more. the republicans' plan, on the other hand, is more of the same. not only does 2 balance the budget on the backs of the middle class, it voids our promise to seniors with steep cuts to social security and medicare, all to pay for even more handouts to the rich. at least we now know where they stand. republicans have sought to cover by invok invoking erskine bowle' name. he has disavowed their plan. we're glad to see the republicans join in the negotiating process. while their proposal
the nonpartisan tax policy center called it mat mathematicy impossible to give tax breaks to the rich without harming the middle class. this is something that former president clinton said during the campaign. it's arithmetic. given the choice between the millionaires and billionaires and the middle class, the republicans again sided with the wealthy of this country. their plan doesn't just keep rates low for the richest 2%, it actually lowers them further. the democrats' plan would protect 98%...
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bottom line is the taxes are too high, very high property taxes. one of the highest sales taxes in the country. they're look at raising taxes again. we've got a $1.5 billion deficit we're facing between the schools, transit and the city itself, $25 billion in combined unfunded pension liabilities. one of the key things, i'm often criticized for being so critical, but we have to face the truth. only by facing the truth can we find the reforms we need and people are leaving. they're voting with their feet to go to greener pastures elsewhere. >> steve: some other people who left are politicians who wound up going to prison. we have some of the folks blago former governor got 14 years on extortion. another one for fraud and bribery. george ryan, former governor got six years for racketeering. mel reynolds, former congressman, he got six years for statutory rape. go ahead. >> the culture here is that the government inserts itself into the free enterprise system so people who want to pursue business have to come with their hat in hand to government offic
bottom line is the taxes are too high, very high property taxes. one of the highest sales taxes in the country. they're look at raising taxes again. we've got a $1.5 billion deficit we're facing between the schools, transit and the city itself, $25 billion in combined unfunded pension liabilities. one of the key things, i'm often criticized for being so critical, but we have to face the truth. only by facing the truth can we find the reforms we need and people are leaving. they're voting with...
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if you're watching the main stream media, it's about tax, tax, tax, tax. why are we taxing so much? because we really do have a spending problem. >> steve: or a deep hole. >> brian: i thought it was interesting. does geithner ever speak and make you feel better? all he does is -- i have a sense that it's something terrible is about to happen. having said that and this communication ability aside, i'm stunned to see him playing politics. he's flat out playing politics. he added if the president doesn't get his own way and get the power action undependentsed power to raise the debt limit and take it away from congress, that's also a nonstarter. since when is getting into that and saying if we don't raise taxes on the top 2%, we're never going to have a deal. really? doesn't he know the math? we all know the math. this is like throwing a nickel into the ocean. $85 billion on an annual deficit that's over a trillion dollars in debt. he's the money guy! how could he possibly trot out there -- i could see axelrod and david plouffe, but the treasury secretary knows it's not going to mean a
if you're watching the main stream media, it's about tax, tax, tax, tax. why are we taxing so much? because we really do have a spending problem. >> steve: or a deep hole. >> brian: i thought it was interesting. does geithner ever speak and make you feel better? all he does is -- i have a sense that it's something terrible is about to happen. having said that and this communication ability aside, i'm stunned to see him playing politics. he's flat out playing politics. he added if...
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Dec 5, 2012
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cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zoraida, as you saw there from the president earlier in that bloomberg interview, he is digging in, saying there can't be a deal unless upper income americans pay more. middle-class americans should get the bush era tax cut extension. is he not backing down from that at all. the president saying in that interview that he's not being stubborn. he's not being partisan but rather that it's, quote, a matter of math. >> we've been talking now for a while that americans blame republicans if a deal doesn't go through. new polling shows americans are pessimistic a deal will be reached at all. break down those numbers for us. >> the tune that we're seeing now from not only the white house but also members up on capitol hill where they once were very optimistic that a deal would get done, there's more pessimistic about a deal getting done. so this is reflected in that poll when people were asked whether or not
cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zoraida, as you saw there from the president earlier in that bloomberg interview, he is digging in, saying there can't be a deal unless upper income americans pay more. middle-class americans should get the bush era tax cut extension. is he not backing down from that at all. the president saying in that interview that he's not being stubborn. he's not being partisan...
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Dec 7, 2012
12/12
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cuts, bush tax cuts, forethose up to $250,000, probably immediate to extend the payroll tax cut. these are major forms of stimulus that middle income households and receive the dollars don't save it. they spend it. i think it also provides a little wind to the sail of the administration that we need to extend the unemployment insurance benefits that have -- we have been providing to families. which are another important stimulus for families here in the u.s. >> you answer made question about the work force because about a half million people left the work for according to bls and talked about why you believe that factored into it. what do you think is missing from the report, though? >> what's missing, i think of -- you know, we focus so much on the employment front and if you look at wage, i believe wages continue to stagnate. over the month. and also even over the year when you factor in inflation. so, you know, not -- families are -- you know, continuing in this really tepid, very slow, weak recovery. they are getting hit on all fronts. you know. slow job creation. people leav
cuts, bush tax cuts, forethose up to $250,000, probably immediate to extend the payroll tax cut. these are major forms of stimulus that middle income households and receive the dollars don't save it. they spend it. i think it also provides a little wind to the sail of the administration that we need to extend the unemployment insurance benefits that have -- we have been providing to families. which are another important stimulus for families here in the u.s. >> you answer made question...
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Dec 6, 2012
12/12
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WBAL
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you've got the payroll tax you've got to bring back from 4.2 to 6.2. where the hell was the aarp when they cut the payroll tax? madness is half a word. these guys if you gave them 90% of them a profit loss statement in one hand and a balance statement in the other, they wouldn't know how to read it. same here. >> if anyone were to doubt your commitment to this issue, i have to show a clip we saw on the internet recently. this is -- >> i don't want to see it. >> yeah, this is you doing gangnam style. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see gangnam style. ♪ >> well -- >> care to explain? you're trying to reach young people, i guess this is as good way as any. >> i thought the guy said pretend you're riding a horse and -- let me tell you. you have to reach young people and you have to reach the people with the www.fixthedebt.org. the can kicks back. these are young people. let me tell you, the young people aren't organized. the senior citizens are so well organized, they've got the aarp, the
you've got the payroll tax you've got to bring back from 4.2 to 6.2. where the hell was the aarp when they cut the payroll tax? madness is half a word. these guys if you gave them 90% of them a profit loss statement in one hand and a balance statement in the other, they wouldn't know how to read it. same here. >> if anyone were to doubt your commitment to this issue, i have to show a clip we saw on the internet recently. this is -- >> i don't want to see it. >> yeah, this is...
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Nov 29, 2012
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congress and israel withholding tax revenues, the position of palestinian authority could be made worse by such resolution. let me ask a man does he believed the threats issued by republican-controlled congress to punish the palestinians for taking this diplomatic step is a reasonable basis on which to base british possibility? does he believe to withhold tax and customs revenues on behalf of the palestinians which legally belongs to the palestinians is a reasonable basis on which to determine british policy on this though? when the foreign secretary understands statehood is not a gift to be given, but a right to be acknowledged. i won the foreign secretary of the united kingdom abstains tomorrow, it will not be a measure of our growing influence. it would be a confirmation of our growing irrelevance to meaningful engagement in the search for peace across europe to meaningful engagement in the search for peace across europe to meaningful engagement in the search for peace across europe i believe will be the search for peace across europe i believe will be an overwhelming majority of 102
congress and israel withholding tax revenues, the position of palestinian authority could be made worse by such resolution. let me ask a man does he believed the threats issued by republican-controlled congress to punish the palestinians for taking this diplomatic step is a reasonable basis on which to base british possibility? does he believe to withhold tax and customs revenues on behalf of the palestinians which legally belongs to the palestinians is a reasonable basis on which to determine...
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Dec 7, 2012
12/12
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that is where the tax should start. senator bob corker, former businessman is very outspoken on this as well. he will speak to the israeli ambassador on the latest developments overseas. that is "fox news sunday". our thanks to chris as we always see mr. sunday, on sunday afternoon and sunday morning depending where you are. bill: no shortage of topics. martha: no. bill:. recording your every move while you drive. while the same kind of black box found in an airplane could be standard on the next car that you buy. plus there's this. martha: wow! a car plowed into a store. the bizarre accident was caught on tape. we'll show you what happened. we'll be right back. you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating what i kn is better nutrition. mmmm. great grains. search great grains and see for yourself. bill: well, if you drive, and many of you do you do not know this just yet. soon the
that is where the tax should start. senator bob corker, former businessman is very outspoken on this as well. he will speak to the israeli ambassador on the latest developments overseas. that is "fox news sunday". our thanks to chris as we always see mr. sunday, on sunday afternoon and sunday morning depending where you are. bill: no shortage of topics. martha: no. bill:. recording your every move while you drive. while the same kind of black box found in an airplane could be standard...
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Dec 7, 2012
12/12
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that's when severe tax hikes and cuts in spending begin. according to the "new york times," john boehner has asked democratic leaders to step aside so he and the president can attempt to negotiate a deal one-on-one and no one is objecting. paul steinhauser is live from washington. paul, you got some new polling for us. what do americans want to see in a deal? >> it's interesting what they want to see and what they don't want to see. one of the biggest sticking points between democrats and republicans over averting the fiscal cliff is raising taxes on those making over $250,000 a year. look at this from quinnipiac university, the question was asked are you okay with that? 65% say they support such a move to avert the fiscal cliff. this is the third poll over the last two weeks to show the same thing, that most americans are okay with raising those taxes on incomes over $250,000 a year. go to the next screen, there's a partisan divide here. this explains why most republicans are dead set against this. democrats are fine with that move. indepe
that's when severe tax hikes and cuts in spending begin. according to the "new york times," john boehner has asked democratic leaders to step aside so he and the president can attempt to negotiate a deal one-on-one and no one is objecting. paul steinhauser is live from washington. paul, you got some new polling for us. what do americans want to see in a deal? >> it's interesting what they want to see and what they don't want to see. one of the biggest sticking points between...
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Nov 29, 2012
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congress and the possibility of israel withholding tax revenues the position of the palestinian authority could be made worse by the passage of such a resolution. let me as the foreign secretary comes secretary does it really believe the threats issued by republican-controlled congress should punish the palestinians for taking this diplomatic state as a reason of basis on which to base his policy? does he really believe that israel's customs revenues that claims on behalf of the palestinians which legally belongs to the palestinians is a reasonable basis on which to determine policy on this vote? does the foreign secretary understand stated for the palestinians is not a gift to be given but a right to be acknowledged? i warned the foreign secretary it will not be a measure of our influence. it will be a confirmation of our growing irrelevance of engagement in the search for peace across europe. countries like france and spain a party make clear that they will join what i believe will be an overwhelming majority of 193 members of united nations general assembly and observer status for the
congress and the possibility of israel withholding tax revenues the position of the palestinian authority could be made worse by the passage of such a resolution. let me as the foreign secretary comes secretary does it really believe the threats issued by republican-controlled congress should punish the palestinians for taking this diplomatic state as a reason of basis on which to base his policy? does he really believe that israel's customs revenues that claims on behalf of the palestinians...
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Dec 1, 2012
12/12
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what we should do is look inside and say if we concentrate on small government, low taxes and national security, we'll do well. and in that, jon huntsman is right. >> and not social issues? >> i think we should stay away from social issues and leave those to the states. because the true conservative, you don't want the federal government passing any laws or having any regulations as far as abortion goes, guy rights there is nothing in the constitutional that leaves that to the federal government. those are state issues. and if the state of georgia, for example, wants to pass a law that bans guy marriage, should it be allowed to do so. >> that's a conversation for another two or three hours here on msnbc. but i want to bring you in erich mcpike and mike murphy. he made an argument similar to jon huntsman boldly titled can this party be saved. this is what murphy said in part. quote, the republican challenge is not about better voter turnout software. it's about policy. we repel latinos, younger voters and our once solid connection to the middle class on kitchen-table economic issues. th
what we should do is look inside and say if we concentrate on small government, low taxes and national security, we'll do well. and in that, jon huntsman is right. >> and not social issues? >> i think we should stay away from social issues and leave those to the states. because the true conservative, you don't want the federal government passing any laws or having any regulations as far as abortion goes, guy rights there is nothing in the constitutional that leaves that to the...
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Dec 3, 2012
12/12
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when you find a perfect in the tax code it will have the 18 natural facets. >>host: i love the fact that the herkimer diamond mine is owned by a woman she is amazing. she is passionate6 c13 these beautiful stone and what she does.t the 2 stone we had a chance to catch up with rocker >> herkimer crystal is 500 million years old with the indirect route and in upstate new york formed it literally pushed silica salt and water and into the valley.crystallized into this little pocket.this is called a vug,andy commercially extract we tried to get something something larger than myself and the big pocket it lined with drusy. >>host: there you had it. there the science behind that it is fascinating and it is interestingtalk about these rocks that literally date back 500 million years. that is the outside and inside you have little pockets little cavities with the herkimer form in order for us to create the today's special you go through and sort only the best rough. this is best of the best. it top grade quality is not get better for a hardcover. if you are looking an
when you find a perfect in the tax code it will have the 18 natural facets. >>host: i love the fact that the herkimer diamond mine is owned by a woman she is amazing. she is passionate6 c13 these beautiful stone and what she does.t the 2 stone we had a chance to catch up with rocker >> herkimer crystal is 500 million years old with the indirect route and in upstate new york formed it literally pushed silica salt and water and into the valley.crystallized into this little pocket.this...
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Nov 30, 2012
11/12
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at 8:00 a.m., a guest from politico examines a key tax credits aimed at families and businesses that would be impacted if congress doesn't act in the so-called fiscal quest. "washington journal" is live at starting at 7:00 a.m. eastern on c-span. >> at the end of world war ii, we had 12 million men under arms. we had 2000 flag officers and generals. today we have 1000 officers and generals and 1.2 million under arms. the ratio is totally out of line. we all must now have an admiral for every ship in the navy. not a captain, an admiral. so what we have done is go through and look at areas where we could not necessarily save all the money but we could transfer responsibilities out of the pentagon and consolidate programs and save us a significant and that of money. >> you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act, and the future of the republican party on book tv. the senator has written several books including his latest "the debt bomb." join our conversation with your calls, e-mails, tweets, and comments with medical doctor and senator tom
at 8:00 a.m., a guest from politico examines a key tax credits aimed at families and businesses that would be impacted if congress doesn't act in the so-called fiscal quest. "washington journal" is live at starting at 7:00 a.m. eastern on c-span. >> at the end of world war ii, we had 12 million men under arms. we had 2000 flag officers and generals. today we have 1000 officers and generals and 1.2 million under arms. the ratio is totally out of line. we all must now have an...
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Nov 29, 2012
11/12
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KGO
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so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today, president obama is hosting mitt romney at the white house for a private lunch. after the election, the president promised to reach out to romney for his ideas. >>> and overseas, the u.s. could be getting more involved in the civil war in syria. "the new york times" is reporting the obama administration is considering options, including arming the rebel fighters there who have made progress in recent days in battling bashar al assad's forces. >>> and more trouble for president obama's expected nominee for secretary of state. susan collins says she will not back rice for the job, until more questions on the attack on the u.s. consulate in libya are answered. collins said if president obama nominates senator john kerry instead, he would have no trouble winning confirmation. >>> and breaking news out of new york. lindsay lohan has been arrested again, after a fight at a night
so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today, president obama is hosting mitt romney at the white house for a private lunch. after the election, the president promised to reach out to romney for his ideas. >>> and overseas, the u.s. could be getting more involved in the civil war in syria. "the new york times" is reporting the obama administration...
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Nov 29, 2012
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one is the concern of barry sudden drops in government expenditure and taxes on january 1 i could have a significant negative shock to the american and global economy. the other is the need for the united states to have a credible fiscal plan over the midterm to deal with what i think is a pretty serious long run fiscal situation. those issues often get mixed together. i would repeat what our finance minister said recently. i do think there solutions to the january 1 situation and a lot of common ground. i would think people would come to those solutions and not wait for a crisis. i hear some people talking about a budget accord. that kind of talk as lister you cannot, you go over a cliff, you cannot be sure what will happen next. with the collapse of lehman brothers, how icing major event can trigger a series of the event. i have every reason to believe these people will come to some kind of agreement on what to do. i also remain, notwithstanding all the difficulties the unit the -- the u.s. economy faces. i do not want to minimize them. this is still at its heart the most entrepreneu
one is the concern of barry sudden drops in government expenditure and taxes on january 1 i could have a significant negative shock to the american and global economy. the other is the need for the united states to have a credible fiscal plan over the midterm to deal with what i think is a pretty serious long run fiscal situation. those issues often get mixed together. i would repeat what our finance minister said recently. i do think there solutions to the january 1 situation and a lot of...
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Dec 2, 2012
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not anti-tax, anti-government spending. the tea party. you did get new voices talking in a different way. rand paul is not talking in the same way that a rick santorum or a newt gingrich has talked about. marco rubio doesn't talk. mike lee, there's a lot of different people who talk differently here. one question, chris christie is another. this class of 2010. that is an interesting wing. it's unclear whether that wing, if it is indeed a coherent wing, will now lead the discussion of the republican party. i think mitt romney, the analog to him is john kerry. he was a presentable, i think the other guys might not hate him type of former massachusetts -- >> went back into the senate afterward. >> the moment that he disappeared, that's the last you heard about john kerry from any democrat. he was like, enough, we're not going to do that again. there's a lot of republicans saying enough, we're not going do that again. the question is okay, what are you going to do that's different? from my perspective, i don't believe what a lot of democrats
not anti-tax, anti-government spending. the tea party. you did get new voices talking in a different way. rand paul is not talking in the same way that a rick santorum or a newt gingrich has talked about. marco rubio doesn't talk. mike lee, there's a lot of different people who talk differently here. one question, chris christie is another. this class of 2010. that is an interesting wing. it's unclear whether that wing, if it is indeed a coherent wing, will now lead the discussion of the...
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Dec 7, 2012
12/12
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can't inherit tax free the way heterosexual married couples can. the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had the right to get married there for a brief period of time. then there was an initiative put on the ballot, proposition 8, california voted in a close election to overturn same sex marriage. same sex marriage was banned after it was briefly legal. the federal district court had a trial there, and said that law, proposition 8, banning same sex marriage, is unconstitutional. that was affirmed on appeal, that is now appealed to the supreme court and they will now decide whether proposition 8 is constitutional or not. >> when we talk about this as being a historica
can't inherit tax free the way heterosexual married couples can. the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had...
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Nov 30, 2012
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spending cuts. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> president obama stayed out of the fiscal cliff discussions and sat down for lunch with former rival mitt romney. >> i am sure they will or have already compared experiences on the campaign trail. >> today president obama hits the road to push for his plan to avoid the fiscal cliff. but republicans have slammed him for campaign-style politics that they say just won't get the job done. rob and sunny, back to you. >> can you really imagine that they're not going to reach some sort of deal to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a pr
spending cuts. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> president obama stayed out of the fiscal cliff discussions and sat down for lunch with former rival mitt romney. >> i am sure they will or have already compared experiences on the campaign trail. >> today president obama hits the road to push for his plan to avoid the fiscal cliff. but...
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Nov 30, 2012
11/12
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it seems that the new taxes are to fund new spending. but we don't have the numbers. i'm going to be asking them, let's see the numbers, i'm the ranking member on the budget committee, i want to see how much new spending they've got and how much new taxes they've got. and finally let me make a -- and if it's like what we've been seeing, it has a lot of flimflam. budget projection that was voted down 100%, not a single vote, his budget that he sent out earlier this year, increased taxes $1.8 trillion but increased spending $1.4 trillion. so it didn't pay down the debt. i hope the president will look the american people in the eye and tell them we are on an unsustainable course. i'm not -- i've not heard him say that. why won't he say that? his own debt commissioner erskine bowles said we're facing the most predictable crisis in our nation's history. why won't the president say we can't continue on this path and we've got to change? why won't he say we've got to tighten our belt across government? that's -- so this is one of the problems we have at the end of the year.
it seems that the new taxes are to fund new spending. but we don't have the numbers. i'm going to be asking them, let's see the numbers, i'm the ranking member on the budget committee, i want to see how much new spending they've got and how much new taxes they've got. and finally let me make a -- and if it's like what we've been seeing, it has a lot of flimflam. budget projection that was voted down 100%, not a single vote, his budget that he sent out earlier this year, increased taxes $1.8...